The import value of sugars and sugar confectionery to Mexico stood at 0.89765 billion US dollars in 2023. From 2013 to 2023, the trend demonstrates fluctuating changes, with notable declines in early years and a gradual rebound post-2020. Significant annual variations include a major decrease in 2014 by 20.17% and a steep increase of 22.01% in 2021. The 5-year CAGR leading up to 2023 is relatively low at 1.27%, indicating modest growth. Forecast data from 2024 to 2028 suggest continued steady growth, with a forecasted 5-year CAGR of 0.94% and a total growth rate of 4.78% within this period.
Future trends to watch for:
- Impact of trade policies and tariff changes on sugar imports.
- Shifts in consumer preferences towards healthier alternatives reducing sugar consumption.
- Potential disruptions in global supply chains affecting import values.